Capital markets news | Fri 15 Mar 2024
Equity
- Prolintas IPO oversubscribed 3.59 times Star NST Edge
- CMM launches programme for SME capital market fund raising NST
- New substantial shareholder emerges in HeiTech Padu Edge
- Comintel intraday short selling suspended after 15% fall Edge
- Hinduja gets USD50m investment from Creador Star
- India’s USD80b small caps crash flashes warning signs Edge
- Asian hedge fund Keystone’s assets more than double to USD2b Edge
Debt
- Cypark Ref’s AA3 sukuk rating maintained with negative outlook RAM
- Cagamas MBS’ asset-backed sukuk and bonds AAA ratings affirmed MARC
- Sunway Healthcare’s sukuk programme assigned AA preliminary rating MARC
- Kinabalu Capital’s Issue 3 ratings affirmed MARC
- Shift to sustainable financial system NST
- Singapore Airlines readies 10-year dollar bond issuance Edge
- Saudi wealth fund to issue USD bonds to finance spending ambitions Edge
- Thai contractor faces USD3b debt crunch as overseas projects fail Edge
Mergers and acquisitions
- Coastal Contracts buys 82% of Sabah company for RM18.98m Star Edge
- Biden to raise concern over Nippon Steel’s deal for US Steel Mail Edge
- Paramount Global selling stake in India TV venture Viacom18 Mail Edge
- Former Treasury Secretary Mnuchin arranging to buy TikTok Edge
- Japan’s NEC weighing USD500m data centre sale Edge
- JIC’s USD6b tender offer for JSR Corp to begin next week Edge
- Temasek-backed Manipal Health vying for top Indian healthcare spot Edge
- Biotech rally gets USD100b M&A lift Star
- RedBird to sell Telegraph amid UK ban on foreign media control Edge
Projects and business
- Bermaz Auto gets distributorship of Xpeng Star Edge
- TM to offer e-prescriptions through e-pharmacy solution NST
- Bridge signs electricity supply with TNB for Johor data centre NST
- Costlier building materials a critical issue for property developers Edge
- Singapore’s UOB aims to double private wealth assets by 2026 Star Edge
- OpenAI partners with Le Monde and Prisa Media Mail
- Alibaba plans to invest USD1.1b in South Korea Edge
- Biden to announce Intel chips grant in Arizona next week Edge
Economy and market news
- Malaysia best in investment conditions among emerging Asia Star
- Malaysia rises as crucial link in chip supply chain Star
- A super remedy for GLICs Star
- Chinese buyers halt Australian wheat buys amid oversupply Mail
- Britain and Turkey launch talks on a new free trade deal Mail
- Philippines eyes Asia’s number two casino hub by 2025 Edge
- Countries closing in on digital currencies Edge
Legal and policies
- Awantec falls 15% after winning a third of RM723m claim NST Edge
- SC raids premises of certain listed firms NST Edge
- SMI files judicial review against SC on Mar 2023 complaint Edge
- Italy regulator fines TikTok USD11m for harmful content Mail
- New US climate envoy wants China to speed up coal transition Mail
- EV startup Fisker prepares for possible bankruptcy filing Edge
- Hedge fund manager faces arrest for USD533m taken from ed-tech startup Edge
